The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1887-12-16
PRESIDENTS MESSAGE.
TARIFF AND REVENUE.
CONDITION OF THE TREASURY.

To tho Congress Of The Unitel States:
You are confronted at the threshold Of yoitr
legislative duties with the condition of the
national finances, which imperatiyely de-
mands Immediate and careful consideration.
The amount OF moneg ernually received
through the operation of the present laws,
from the industries and necessities of the
people, largely exceeds the sum necessary
10 meet the expenses of tho government
When we consider tl,et ths theory of onr
institutions guarantees to every citizen the
full endowment of the fruits of his industry
and enterprise, with only such deduction as
may share toward the careful and economi-
cal maintenance of the government which
protects him, it is plain that the exaction of
moro than this is indefensible and q cuipa-
bic betrayal of fairness and justice. This
wrong, inflicted upon thuss who
bear tho burden Of national taxation, like
other wrongs, multiplies brood of evil
consequences.
The public treasury, which should only
exist rs Il conduit, conveying the people S
tribute to the legitimate objects df its es.
penditure, becomes a boarding place for
money needlessly withdrawn from the trade
and the people use, thus
cR1PpLING OUR NATIONAL ENERGIES,
usurping our country's development, pre-
venting investment in productive enter
prises, threatening disturbance and working
schemes of public plunder.
This condition of our treasury is not alto
gether new, and it has more than once of late
been submitted to the people representa-
tiVes i'll the congress, who ulone can apply
a remedy; end yet the situation still con-
tinues with aggravated incidents, more than
ever presaging financial conyulsion and
widespread disaster. Ii will not dc TO neg
lnrt {hia IN nj ha
now palpably imminent and apparent, They
exist hone in tile less certainly and, tho un-
foreseen and unexpected occasion, when sud
denly they will be precipitated upon us.
On the 80th of June, 1885, the excess OF
revenue over public icexpenditures, after COM
plying with the annual requirements of the
sinking fund act, was SIT, $50, 735. St; dur
ing the year ended June 80, 1886, such eS-
cess amounted to $40 4O5. 5i5 20. and during
the year ended June 30, 1857, il reached the
sum of $50, 5G7, St9.54
The annual contributions to
THE SINKING FUND,
during the three years alone specified,
amounted in the aggregate to S13, So5. $50,
and deducting from the surplus as stated,
We're made by calling in for that purpose
outstanding per cent. bonds of the gov
June 30, 1887, The surplus revenue hat
grown SO largeb by repeated accommodations,
aud it was feared tho withdrawal of thi'
great sum of money needed by the peopl,
would so affect the Business of the country,
that the sum of s79, S6i, 100 of such sur
| plus was applied to the payment of th'
| principal and interest of 3 per cent bond
| still outstanding, and which were then paya
| bic at the option Of the government.
| The procarious condition of financial nf
fairs among the people still needing relief
Immediately after the seth day of-Iune
1881, the remainder of the 3 per cent. bond
pal and interest, to the sum of s,1S. SIT, 300,
were called and applied to the sinking funt
contributions for the current fiscal year.
Notwithstanding the operations of til
treasury department, the presentation of